Market Analysis

The  global smart parking market  size is expected to grow from  USD 24,329.6 million in 2020  to  USD 95,059.9 million by 2027 , at a CAGR of 25.5% from 2021 to 2027. The growth of the global smart parking market is majorly driven by increase in energy demand due to the rising population. In addition, the surge in the need for sustainable energy resources has been witnessed across the globe, coupled with favorable government regulations. These regulations focus on the reduced dependency on fossil fuels and help in controlling environmental pollution. This, in turn, favors the demand for renewable energy sources such as solar energy and is the key factor that fuels the demand for smart parking energy. In addition, reducing carbon footprint and upsurge in need for low-cost energy generation is expected to propel the growth of the smart parking market. In addition, this technology is built for solving the permanent problem associated with parking that af...

  The  global color cosmetic market   size is expected to grow from  USD 78.0 billion in 2020  to  USD 120.0 billion by 2027 , at a CAGR of 6.35% from 2021 to 2027. Color cosmetics are a mix of chemicals that are used to improve the appearance or fragrance of the human body. Cosmetics such as facial make-up, nail care, lip care, and eye make-up are included in this category. These products can be found in various places, including exclusive brand outlets, supermarkets, specialty stores, and online. Color cosmetics market growth is fueled by rising concerns about appearance and increasing disposable income in emerging economies such as India, Brazil, and Indonesia. Furthermore, the market is driven by multiple benefits of color cosmetics products, such as anti-aging and anti-tan. The color cosmetics market in developed countries such as North America and Europe and emerging countries such as Asia-Pacific and the Rest of the World is driven by rising disposab...

  The  global aquaponic and hydroponic systems and equipment market  size is expected to grow from  USD 1,202.8 million in 2020  to  USD 2,753.2 million by 2027 , at a CAGR of 14.8% from 2021 to 2027. High emphasis has been laid on the adverse effects of conventional agriculture on the environment. Some of these concerns include depletion of natural resources, misuse of synthetic chemical inputs into the soil, and contamination of water resources. With the excessive agricultural activities over the land, land fertility globally has declined. This has led to a great rise in alternative production systems for small growers and large-scale commercial productions. Aquaponic is another system of growing plants without soil but is different from the hydroponic growing system. Instead of plants getting their nutrients from the soil, an aquatic solution is used to directly provide the essential nutrients needed for plant growth to the roots, where efficient nutrien...

  The  global aseptic pharma processing equipment market  size is expected to grow from  USD 4,543.5 million in 2020  to  USD 7,456.8 million by 2027 , at a CAGR of 7.2% from 2021 to 2027. The manufacturing of pharmaceutical products requires high standards to ensure the strength of the active ingredients, purity, and quality of the final products. These standards ensure safe and efficient finished products for patients. Small changes in any of these factors can alter the overall composition and may have serious side effects. Thus, the checks and the controls which are applied need to be more stringent than the food industry. Aseptic processing continues to be an essential method of manufacturing sterile biopharmaceutical products. Improvisation of aseptic processing is vital to achieving product quality, affordability, product availability, and patient health. The industry is lagging behind other industries in the use of new technologies to enable improvem...

  The   global artificial intelligence (AI) in the food beverages market  size is expected to register a CAGR of 45.7% from 2021 to 2027 and grow from  USD 3.1 billion in 2020  to  USD 29.6 billion by 2027 . Artificial intelligence (AI) in the food and beverage market is growing significantly due to consumer demand changes toward preferring fast, affordable, and easily accessible food options. This has led to a transformation in the food and beverage industry, with market leaders leveraging advanced technologies, such as machine and artificial intelligence, to scale operations and help companies stay relevant in a dynamic market environment. Traditional equipment, such as automatic sorting systems, was focused on sorting the defective raw materials or contaminated finished goods from the good ones. Today, the advancement in AI-enabled solutions has created the capability to sort the foods for their optimized use. These broad benefits of sorting drive the gr...

  The   specialty carbon black market  was projected to register a  CAGR of 6%  during the forecast period (2021-2027). Specialty carbon black is the highest and purest form/grade of carbon black and has the low presence of sulfur, ash, and metals. The hydrocarbon is burned to manufacture high-end, refined chemicals such as specialty carbon black with a limited air supply. Specialty Carbon black is widely used for various applications such as UV stabilizing, conductive agents, and pigmenting purposes in the different specialty products. Plastics have witnessed a leading application area for specialty carbon black from the last decade; however, increasing usage in the battery technology is gaining traction and is expected to witness lucrative growth in the upcoming years. In recent years, the world has seen the Asia Pacific as a leading consumer in the global specialty carbon black market. It is anticipated to be dominating in the upcoming years ahead. Global Spe...

  The   global 3D imaging market  size  is expected to be  USD 17.5 billion in 2021  and reach  USD 63.30 in 2027 , registering a CAGR of 23.90% during the forecast period, 2021-2027. 3D imaging is a process by which a three-dimensional image is rendered, thereby providing an optical illusion of depth. For these 3D images to be rendered, two or more motion cameras are used to capture a three-dimensional object. 3D image sensors, cameras, and displays are all used in conjunction with each other to provide high-resolution images. Factors Affecting the 3D Imaging Market over the Forecast Period Increasing demand for 3D imaging technology in healthcare and automation sectors due to its various application and technological advancements in 3D imaging is expected to boost the growth of the global market. Industrial automation and other growing end-use industries, such as security & surveillance and, architecture & engineering, will create significant...

  The  global AI in fintech market  size was valued at  USD 5.87 billion in 2020 , which is expected to reach  USD 15.32 billion by 2027 , registering a CAGR of 21.4% during the forecast period (2021-2027). AI has considerably revolutionized the finance industry by improving precision and customer engagement levels and fastening the query resolution period. Financial firms adopt AI solutions for record maintaining, tracking, and storing transactions to reduce the calculative risk while keeping the proper flow across the process. Factors Affecting the AI in Fintech Industry Over the Forecast Period: Evaluating the investment opportunities, optimizing investment portfolios, and mitigating the associated risks are important factors that raise the demand for AI in fintech solutions, driving market growth across the globe. Increasing demand for process automation in financial institutions is significantly driving the growth of AI in the fintech market globally. The i...